Some Pre-Holiday Drift

As market players leave for the long weekend, trades are thin on the ground.

We have very mixed action as many market players are on hold in front of the long weekend. The possibility of some news about Greece on Monday while U.S. markets are closed for Presidents Day is making it tricky to do much. Given the history, the likelihood is that decisions will be delayed once again, but who knows?

We have some strength in oil, solar energy and retail while precious metals lag again, but there is very little going on as far as themes. I'm playing a few small oils such as Samson Oil & Gas (SSN) and Magnum Hunter Resources (MHR), but there isn't enough energy there to make me aggressive.

I have some things on my radar such as Web.com Group (WWWW), which reported a good quarter, and EPAM Systems (EPAM), a recent IPO, which I mentioned the other day, but I don't see any hurry to add at this time.

It looks like it is just going to be one of those days when we drift around as market players leave early for the long weekend. In this sort of environment, finding new trades is a tough task.

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More from James "Rev Shark" DePorre:

• Two Choices
• What a Difference a Day Makes
• The Action Shifts

At the time of publication, DePorre was long SSN, WWWW and EPAM, but positions will change at any time.

Please note that due to factors including low market capitalization and/or insufficient public float, we consider SSN, WWWW and EPAM to be small-cap stocks.  You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.